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This site provides extensive information about the ranges of Edmond de Rothschild Group funds. In particular, it provides simplified access to key fund-related data (performance, net asset values, features) and their commercial or legal documents.

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The identity of the managers presented in this document may change during the life of the product.

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Investment objective

The Fund's objective is to achieve a long term performance comparable to or above the returns of physical gold while reducing the price volatility of gold through a dynamic hedging programme that allows the fund to profit from price appreciation and limits the impact of drawdowns.

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Commentary 31/10/2018

Gold began the month under pressure before rising over 4% in the space of two days, resulting in the best weekly performance for the yellow metal this year. While the price of gold gradually edged higher in the following weeks, it resumed its downtrend in the final week of October. Indeed, hawkish Fed statements and multi-year highs on treasury yields early on weighed on gold prices. That said, concerns of a potential emerging market crisis prompted a bout of short covering and long gold buyers. Stock market declines and falling yields as investors moved into bonds helped to increase demand for gold. Lower demand for risk assets and weaker-than-expected inflation data in the US continued to support Gold prices in the penultimate week of October. However, strong economic data, supporting the Fed's aggressive rhetoric, pushed gold lower in the final week. Market uncertainty fuelled by economic growth concerns on the back of trade wars and EU-skeptic politics in Europe has reinstated gold's status as a favoured safe-haven asset among investors.In this difficult configuration, the overlay programme rapidly reduced its existing positions as gold recovered.

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Change in NAV

You are about to download the historical data for a portfolio. Please note that past performance is not an indication of future performance and it may vary over time. They may be affected, for example, by changes in exchange rates

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Net dividends reinvested Past performance and volatility does not guarantee future performance and volatility which may change over time, and can be affected by fluctuating exchange rates. Performance data does not take into account the fees and charges received when issuing and redeeming units.

Performance O-USD

Cumulative

Annualised

–

–

–

–

–

–

-7.13 %

–

–

–

–

–

–

–

–

–

Since inception

-7.05 %

–

-6.66 %

–

Since 01/01/2018

1 year*

3 years*

5 years*

Since inception

Cumulative

Share class (O-USD)

Benchmark

–

–

–

–

–

–

–

–

-7.05 %

–

Annualised

Share class (O-USD)

Benchmark

–

-7.13 %

–

–

–

–

–

-6.66 %

–

*Rolling periods

Annual performance

Net dividends reinvested Past performance and volatility does not guarantee future performance and volatility which may change over time, and can be affected by fluctuating exchange rates. Performance data does not take into account the fees and charges received when issuing and redeeming units.

Statistics

Volatility

Share class O-USD

Benchmark

1 Year*

6.50 %

–

3 Year *

–

–

Max. monthly gain Since inception

–

Max. monthly loss Since inception

–

Share class O-USD

Benchmark

1 Year*

3 Year *

1 Year*

3 Year *

Volatility

6.50 %

–

–

–

Tracking Error

–

–

–

–

Past performance and volatility does not guarantee future performance and volatility which may change over time, and can be affected by fluctuating exchange rates. Performance data does not take into account the fees and charges received when issuing and redeeming units.

Fund information

Inception Date (Fund)

28/10/2014

Inception Date (Part)

24/10/2017

Legal form

FPC

Benchmark

Currency (fund)

USD

Currency (share class)

USD

Distribution Policy

Accumulation

Valuation frequency

Daily

Minimum initial investment

10000.00 USD

PEA eligible

ISIN Code

CH0246173667

AuM (fund)

8 M (USD)

Regulatory authority

FINMA

EU Regulation

Management company

CACEIS (Switzerland) S.A.

Delegated Management Company

Edmond de Rothschild Asset Management (Suisse) S.A

Incorporation

Switzerland

Representative agent

Paying agent

Maximum management fee

0,210 %

Current management fee

0.210 %

Subscription and redemption conditions

Subscription fee

5.00 % max

Redemption fee

0.50 % max

Performance fee

20,000 %

Fund documentation

(1) The rating grades the funds on a scale from 1 to 7. This rating system is based on the average fluctuations of the net asset value over the past five years. It corresponds to the variation range of the portfolio upwards and downwards. If the net asset value is less than 5 years old, the rating is determined by other regulatory calculation methods. Historical data such as those used to calculate the rating may not be a reliable indication of the future risk profile. The current category is neither a guarantee nor an objective. Category 1 does not signify a risk-free investment.